Direct Materials Variances Bellingham Company produces a product that requires 14 standard pounds per unit. The standard price is $9 per pound. If 5,800 units used 82,800 pounds, which were purchased at $8.55 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance III b. Direct materials quantity variance $ c. Direct materials cost variance Direct Labor Variances Bellingham Company produces a product that requires 5 standard direct labor hours per unit at a standard hourly rate of $22.00 per hour. If 3,700 units used 18,100 hours at an hourly rate of $23.10 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct labor rate variance b. Direct labor time variance c. Direct labor cost variance $ Bellingham Company produced 2,400 units of product that required 2 standard direct labor hours per unit. The standard variable overhead cost per unit is $3.00 per direct labor hour. The actual variable factory overhead was $14,900. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number